Li Auto delivered 158,696 vehicles in the fourth quarter, below the lower end of its guidance range of 160,000 to 170,000 units.
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Category: Earnings
CALB expects its net income to rise about 80 percent to 100 percent in 2024 from 2023 on the back of growth in business scale and lower costs.
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The Zeekr brand delivered 79,250 vehicles in the fourth quarter of 2024, an increase of 99.84 percent year-on-year and up 44.08 percent over the third quarter.
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The automotive business was the main reason for Tesla's weaker-than-expected earnings, as incentives were more intense than expected.
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CATL's net income in the fourth quarter is expected to be a record RMB 17 billion, up 31.01 percent year-on-year and up 29.41 percent from the third quarter, CnEVPost calculations show.
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Great Wall Motor's net income in 2024 is expected to range from RMB 12.4 billion ($1.7 billion) to RMB 13.0 billion, an increase of 76.60 percent to 85.14 percent from 2023.
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Leapmotor attributes this to continued volume growth, product mix optimization, cost control and operational efficiency.
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This article is a live update of the main takeaways from Nio's third-quarter 2024 earnings call.
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Nio's net loss was essentially flat in the third quarter compared to the second quarter, and gross margins improved to 10.7 percent.
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Xpeng reported revenue of RMB 10.1 billion in the third quarter, with a record gross margin of 15.3 percent, beating analysts' expectations.
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